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Nucor Joins UN Carbon-Free Energy Compact

Nucor Joins UN Carbon-Free Energy Compact
November 17
22:51 2022

Nucor Corp. announced it is joining the United Nations 24/7 Carbon-Free Energy Global Compact.

Nucor is the first major industrial company to join the global effort, which aims to accelerate the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean and affordable electricity.

“For more than five decades, Nucor has been built on the sustainable model of producing steel with a low carbon footprint by recycling scrap metal into new steel and steel products,” stated CEO Leon Topalian.  “As the first major industrial company in the world to join the compact, we will build on this legacy by taking a leadership role in the world’s transition to 24/7 clean energy.”

“In order for us to achieve a carbon-free energy future while also meeting the growing demand for energy, it is critical that we embrace all forms of clean, zero-carbon energy sources, from wind, solar and hydro, to nuclear power.”

Nucor is working with its electricity suppliers to access 24/7 clean energy at the company’s steel mills while investing in projects to accelerate the transition to clean energy.

In April 2022, Nucor invested in NuScale Power Corp., a developer of small modular reactor nuclear plants.

The Compact was formed to drive rapid decarbonization across the global economy.  A group of energy buyers, energy suppliers, governments, system operators, solutions providers, investors and other organizations joined together to adopt, enable and advance the transition to a zero-carbon electrical grid.  The Compact is a set of principles and actions that stakeholders across the energy ecosystem can commit to in order to drive systemic change.

“We applaud the United Nations, Sustainable Energy for All, Google, and the other signatories for their leadership on this issue,” said Topalian.  “A sustainability movement is expanding around the world like we have never seen before, and as one of the largest recyclers on the planet, Nucor is in a position of strength to set the bar for the rest of the world.”

Nucor entered the fastener business in 1986 when it opened its $25 million plant in St. Joe, IN.  Capacity at Nucor’s highly automated fastener facility is more than 75,000 tons.  The facility produces hex-head cap screws, hex bolts, structural bolts and custom engineered fasteners.  Nucor fasteners are used in automotive, machine tool, farm implement, construction and military applications.  Web: nucor-fastener.com

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